Oil sheds gains, stocks dip as Fed comes into focus

LONDON: Oil shed some of its gains on Tuesday as the United States raised the possibility of releasing crude reserves, while stocks inched lower as investors waited for this week's Federal Reserve meeting.

MSCI's All-Country World Index, which tracks shares across 47 countries, was down 0.1per cent on the day. Saturday's attack on Saudi oil facilities has halved the kingdom's oil output, creating the biggest disruption to global oil supplies in absolute terms since the overthrow of the Iranian Shah in 1979, International Energy Agency data show.

"It is this concern over negative supply shocks amid geopolitical tensions which should keep oil prices buoyed in the short term."

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Oil trims gains but Middle East risks keep stocks on back footTOKYO: Oil futures shed some of their massive gains on Tuesday (Sep 17) as the United States flagged the possible release of crude reserves, but ...
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Oil trims gains but Middle East risks keep Asia stocks on back footTOKYO (REUTERS) - Oil shed some of its massive gains on Tuesday (Sept 17) as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure.. Read more at straitstimes.com.
แหล่ง: The Straits Times - 🏆 8. / 63 อ่านเพิ่มเติม »